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a. Wages of $11,000 are earned by workers but not paid as of December 31, 2017 b. Depreciation on the company's equipment for 2017 is
a. Wages of $11,000 are earned by workers but not paid as of December 31, 2017 b. Depreciation on the company's equipment for 2017 is $11,560 c. The Office Supplies account had a $310 debit balance on December 31, 2016. During 2017, $5,549 of office supplies are purchased d. The Prepaid Insurance account had a $5,000 balance on December 31, 2016. An analysis of insurance policies shows that $2,000 e. The company has earned (but not recorded) $850 of interest from investments in CDs for the year ended December 31, 2017. The f. The company has a bank loan and has incurred (but not recorded) interest expense of $5,000 for the year ended December 31 A physical count of supplies at December 31, 2017, shows $605 of supplies available of unexpired insurance benefits remain at December 31, 2017 interest revenue will be received on January 10, 2018 2017. The company must pay the interest on January 2, 2018 For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31, 2017 Journal entry worksheet Wages of $11,000 are earned by workers but not paid as of December 31, 2017. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal
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